Your payout this month is $2,132 lower than June. One repair explains nearly all of it: the water heater at Unit 3B failed on July 9 and was replaced the next day for $2,100 invoice #4471 work order #1892. The unit was 15 years old — past the 12-year expected life — so replacement was the economical call versus a $480 repair estimate on a tank that would fail again.
Everything else ran normally: routine plumbing at 5A ($285 inv #4462), lawn care ($360 inv #4465), and management fees per your agreement. Unit 9C's tenant moved out July 28 at lease end; make-ready is underway and the listing goes live August 12 at $1,425/mo, in line with the three most recent comparable rentals on the street.
| Item | Detail | This month | 6-mo avg |
|---|---|---|---|
| Maintenance & repairs | Water heater 3B + routine inv #4471 #4462 #4465 | $2,745 | $1,180 |
| Management fee | 8% of collected rent | $1,451 | $1,438 |
| Turn costs (9C) | begins in August | $0 | $102 |
| Total | $4,196 | $2,720 |
Every line above links to a real invoice or work order in your full statement (attached). Nothing is charged without a matching document.
This section is why the packet exists: a second set of eyes on every number before it reaches you.
| Check | Result | Note |
|---|---|---|
| Bank & trust account tie-out | Clean | Operating + trust match the software ledger to the penny |
| Unapplied tenant payments | Clean | 0 payments sitting unallocated |
| Vendor bills vs. work orders | 1 caught | Duplicate #4468 — flagged for removal; vendor query drafted for you |
| Late fees vs. lease terms | 1 caught | 7A fee unposted — flagged for posting, +$75 |
| Security-deposit ledger | Review | 9C move-out: disposition packet prepped for your signature — return deadline tracked to Aug 27, confirm against your state's rule |
| Owner statements (all 41 owners) | QA'd | 3 flagged for correction before send; 38 clean |
Delivered to the property manager 3 business days after month-end. The manager reviews, signs off, and sends — we prepare, they decide. We never move money, never sign, never contact tenants about owed rent.